Community engagement, talent development and promoting innovation are some of the key pillars that make up a successful fintech ecosystem. Ensuring these pillars are strengthened in Singapore, the Global FinTech Institute (GFI), the fintech body dedicated to creating greater collaboration, and ICP Hub Singapore, a branch of the Internet Computer Protocol,  have signed a Memorandum of Understanding (MoU) to advance fintech and web3. (thefintechtimes.com)

The new partnership will see the two organisations collaborate on various initiatives. Together, GFI and ICP Hub Singapore will look to connect startups with investors worldwide. This will be made possible by working together on the upcoming digital platform FLEX, an open investment marketplace.

Furthermore, the MoU will see financial education be brought to the forefront. GFI’s Chartered FinTech Professional (CFtP) certification programme to the community will also be endorsed. This, in turn, will also create an atmosphere where leaders are sharing knowledge and helping each other develop new skills.

Prof. David Lee Kuo Chuen, co-founder and chairman of Global FinTech Institute stated: “We are thrilled to partner with ICP Hub Singapore. This collaboration will enable us to leverage each other’s strengths and resources. As a result, we will drive the growth and development of the fintech and Web3 ecosystems.”

Aaron Ting, co-founder of ICP Hub Singapore, echoed this sentiment, saying: “Our partnership with GFI is a significant step forward in our mission to build a globally connected web3 ecosystem. Additionally, we can create meaningful opportunities for startups, investors, and professionals in the industry.”